Trading

Definition

Trading refers to the exchange of goods or services between two parties, often involving the transfer of items of value such as resources, tools, or luxury goods. In the context of Europeans and Native Americans, trading played a crucial role in their interactions and helped shape their relationships.

Related terms

Bartering: Bartering refers to the direct exchange of goods or services without using money as a medium of exchange. It was a common form of trading used by both Europeans and Native Americans.

Fur Trade: The fur trade was an important aspect of trading between Europeans and Native Americans, particularly in North America. European traders exchanged various goods for valuable furs obtained from indigenous tribes.

Mercantilism: Mercantilism is an economic system prevalent during this time period which emphasized accumulating wealth through favorable balances of trade. European nations used their colonies in America as sources for valuable resources through trading.